To manage 50 billion market events — nearly a petabyte of stored data — the Financial Industry Regulatory Authority (FINRA) turned to the Cloudera Enterprise big data platform along with an #Amazon Web Services infrastructure.
FINRA is an independent regulator overseen by the Securities and Exchange Commission. #Apache #Hadoop, an open-source framework written in Java that enables storage and processing of large data sets, powers Cloudera Enterprise.
The #Cloudera platform will help #FINRA adhere to the requirements for dynamic monitoring of financial markets and allow the organization to scale for future growth.
The #AWS cloud service FINRA uses is compatible with applications such as Dell Cloud Manager, as well as Dell Managed Cloud Services.
By deploying an elastic public cloud platform from AWS, FINRA was looking to avoid overprovisioning, or having excess capacity, and will be better able to handle peak workloads.
“They have to process all the trades that happen on a daily basis,” Amy O’Connor, big data evangelist for Cloudera, told Power More. “In their own data center, they were not able to keep up with some of the legacy technologies they had. We helped them to move to the cloud over the past year.”
A big data platform in the cloud allowed FINRA to speed up query responses.
“With our implementation of big data and cloud technologies including Cloudera Enterprise, we’re reducing query response times from hours to seconds, and ensuring our platforms will scale to handle market demands,” Steve Randich, executive vice president and CIO of FINRA, said in a statement.
Here are seven ways cloud computing provides flexibility for companies such as FINRA when managing big data.
https://powermore.dell.com/business/7-ways-the-cloud-provides-flexibility-for-big-data/
No comments:
Post a Comment